The hope is in the FA Cup which may be much more likely for Manchester City, but even though they do not have a stronger rival, the FA Cup can always surprise.
Pep Guardiola realizes that bad things are happening in the team and they are even struggling to achieve another title this season with the opportunities they have.
In the Premier League itself, they only have the opportunity to reach the Champions League qualifying finish because the title competition is almost certain to belong to Liverpool because so far their chances are still quite big.
Manchester City is going to face Bournemouth in the quarter-finals of the FA Cup. Bournemouth is not a weak team this season. Also , Bournemouth won the last match against Manchester city by 2-1. So it will be very difficult for city to win against bournemouth. Also , City may face Aston Villa/nottingham Forest or Brighton in the semi-finals or final. It is very difficult for City to win against these teams. If City's performance does not become stable , it is impossible for Manchester City to win the FA Cup title.